First Trust Direct Indexing L.P. Grows Stock Position in Capital One Financial Co. (NYSE:COF)

First Trust Direct Indexing L.P. increased its holdings in Capital One Financial Co. (NYSE:COF) by 9.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 13,872 shares of the financial services provider’s stock after acquiring an additional 1,157 shares during the period. First Trust Direct Indexing L.P.’s holdings in Capital One Financial were worth $2,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC raised its holdings in Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after buying an additional 199 shares during the period. Bartlett & Co. LLC grew its stake in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after buying an additional 218 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after buying an additional 218 shares during the period. Rise Advisors LLC acquired a new position in Capital One Financial during the 1st quarter worth about $33,000. Finally, Sound Income Strategies LLC boosted its holdings in Capital One Financial by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the transaction, the insider now owns 10,246 shares in the company, valued at approximately $1,475,833.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $138.42 on Friday. The stock’s 50-day moving average price is $139.15 and its 200 day moving average price is $137.35. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $52.63 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $149.94.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter last year, the business posted $2.31 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.31 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company increased their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Finally, Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $141.20.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.